Wednesday, 15 November 2017

SENSEX REBOUNDS 100 PTS,NIFTY RECLAIMS 10,150 | TODAY STOCK MARKET NEWS OUTLOOK 16 NOV 2017.

MARKET LEVELS UPDATE

SENSEX (16th NOV 2017) Trend : up Preopening Price : 32829.82 Gap up : 69.38 ( 0.21%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (16th NOV 2017) Trend : up Preopening Price : 10152.90 Gap up : 34.85 ( 0.34%) Support : 9825 - 9875 Resistance : 10300- 10550 

BANK NIFTY (16th NOV 2017)Trend : up Preopening Price: 25292.90 Gap up : 74.00 ( 0.29%) Support : 24000-24350 Resistance :25150-25850



Equity benchmarks rebounded on Thursday after seeing a fall for previous three consecutive sessions, backed by beaten down stocks. Asian markets barring China also traded higher.

The 30-share BSE Sensex was up 96.78 points at 32,857.22 and the 50-share NSE Nifty gained 29 points at 10,147.

Bharti Infratel rallied 2 percent after 8 percent fall in previous two straight sessions.

Aurobindo Pharma, Tata Motors, Ambuja Cements, Tata Steel, Reliance Industries and SBI were early gainers while Coal India, HUL, HCL Technologies and GAIL were under pressure.

Nifty Midcap was up 0.4 percent.

Jubilant Foodworks was up 1.5 percent as brokerage houses remained positive on the stock.

Anil Dhirubhai Ambani Group stocks like Reliance Communications, Reliance Power and Reliance Capital extended losses, falling 2-4 percent but Reliance Nippon gained 3 percent.

Religare Enterprises added another 10 percent today, on top of 10 percent rally seen in previous session.Westlife Development, TD Power, New India Assurance, Speciality Restaurants, Jain Irrigation, Manappuram Finance, HDIL, Just Dial, MMTC and Hindustan Copper gained 1-5 percent.
         

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